Common use of Corporate Organization and Good Standing Clause in Contracts

Corporate Organization and Good Standing. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida as evidenced by the recently dated good standing certificate issued by the Florida Secretary of State and provided by the Purchaser to each of the Equipment Owner and License Owner at the Closing. Purchaser is qualified to transact business as a foreign corporation in every jurisdiction where the character of its activities requires such qualification. Purchaser has all requisite corporate power, franchises, licenses and authority to own, lease and operate its respective assets and properties and to carry on its business as presently conducted.

Corporate Organization and Good Standing. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida as evidenced by the recently dated good standing certificate issued by the Florida Secretary of State and provided by the Purchaser to each of the Equipment Owner and License Owner Owners at the Closing. Purchaser is qualified to transact business as a foreign corporation in every jurisdiction where the character of its activities requires such qualification. Purchaser has all requisite corporate power, franchises, licenses and authority to own, lease and operate its respective assets and properties and to carry on its business as presently conducted.

Corporate Organization and Good Standing. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida as evidenced by the recently dated good standing certificate issued by the Florida Secretary of State and provided by the Purchaser to each of the Equipment Owner and License Owner Owners at the Closingclosing. Purchaser is qualified to transact business as a foreign corporation in every jurisdiction where the character of its activities requires such qualification. Purchaser has all requisite corporate power, franchises, licenses and authority to own, lease and operate its respective assets and properties and to carry on its business as presently conducted.